If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent so we can move abroad. Each month, I’ll keep you apprised of our progress. This year, we’ve got some major goals, including paying off our outstanding debt (car and apartment in Chile), replacing our roof, AND saving around $70,000. As of February, we were 9% of the way to doubling our net worth.
I waited until the end of April to post our net worth update, because, frankly, our March update wasn’t very exciting. Thanks to Mr. ThreeYear’s annual stock “gift,” however, April’s update actually moves our net worth dial. Mr. ThreeYear works for a 100% employee-owned company, and each year, in April, he receives a share of company stock (which is privately owned) equivalent to at least 8% of his base salary. The company is audited each December to set the stock’s yearly price.
Although this is an incredible “gift,” we consider it part of his total compensation, because that is what it effectively is, albeit tax-deductible (for all the ins and outs of how such a plan, called an ESOP, works, head here). If he were to leave the company, he would need to take equal distributions over 5 years and roll the shares into a retirement account.
March and April were rough months for the ThreeYears, ain’t gonna lie. It’s always one of the toughest times of the year for me, living in New England as a transplanted Southern Belle (or, just…Southerner…). March and April are hard-wired into my psyche as a time when the birds are supposed to be chirping, flowers are supposed to be blooming, and snow is definitely NOT supposed to be still falling. Continue reading “April Net Worth Update”
In today’s world, thanks to globalization, fast modems, and cheap airfare, it’s increasingly possible to live anywhere. So why don’t we? Mr. ThreeYear and I live in New Hampshire because of his job. We live in the US because it’s an English-speaking country where I was born and raised.
It’s been a dream for some time, though, to become location independent, not to be tied down by employment to one particular city or town, so that we can move abroad, or even split our year between Chile, where his family lives, or the Carolinas, where my family is.
This week, the ThreeYear Family has had the incredible privilege of spending the week at a swanky island resort. We’ve swum at the lovely resort pools, eaten in delicious restaurants next to a marina filled with forty-foot yachts, and marveled at a collection of world-class cars from around the US–Teslas, Rolls Royces, Land Cruisers, and many German-engineered automobiles.
One of the ways we keep our spending low around here is to eat the vast majority of our meals at home. We do occasionally eat out, but it’s rare–in part because we’d rather spend on travel and in part because we live in the “country” as we say in the South. That means in the middle of nowhere. The nearest grocery store is 20 minutes away, for reference.
Therefore, I’ve become adept at making a lot of food. Since Mr. ThreeYear is Chilean, I occasionally make Chilean food. And my absolute favorite Chilean recipe is the meat empanada.
The Little Meat Pocket That Could
We make empanadas for everything–for dinner guests, to give as gifts, as dinner when we’re in a rush. Whip up a couple of sides and you’ve got a meal. Freeze them, then pull them out and cook at the last minute (they last up to a year in the freezer). They make fabulous gifts. Continue reading “Make It This Weekend: Empanadas!”
A few weeks ago, I found out I was picked to be part of the launch team for the new book from one of my favorite bloggers, Tsh Oxenreider. It’s called At Home in the World, and as thanks for helping spread the word about this book, we got to read advanced copies. Luckily, I received the manuscript on a Sunday, because I spent the entire day devouring it.
First, it combines my favorite two things in the world–family and travel. Second, it was written by the founder of The Art of Simple, a blog devoted to simple living and a thoughtful pursuit of happiness. Tsh is one of the people who inspired our three year plan to move internationally after we double our net worth and she seems to be grounded and unassuming as they come, but with a terrific sense of self. I love pretty much everything she writes or recommends.Continue reading “At Home in the World”
I’m listening to the birds chirp outside my window. We’ve left the window cracked over night. Unheard of, even a week ago. Yesterday the temperature rose to 72 and the sun shone all day. Our stream was swollen with melted snow rushing downstream.
Spring hasn’t arrived, unfortunately. It’s a trick of New England, a trick of nature to give you a golden taste of the glorious summer ahead, to get you through the rainy, muddy, dreary next two months. But I believe the snow may melt this time, and my son told me a flower was blooming, so I am hopeful that some of this good weather is here to stay. Continue reading “Get Out of Town, Already!”
During our three year experiment, one of our goals is to get our house ready for sale. To that end, we asked a realtor to visit last month and give her opinion of what needs to be done to make the house ready. It turns out, a lot. But the good news is, we have time to tackle all of these projects slowly, so we’ll be able to do a lot of the work ourselves.
Mr. ThreeYear and I practice selective frugality. That is, we spend our money on the things that matter to us, but minimize spending in areas that don’t matter. One of those areas is clothes. While I haven’t been on a three-year clothing ban like Mrs. Frugalwoods, I minimize costs in this area whenever possible. We also have two kids and live in Winterfell–I mean, New England–so we have growing bodies to clothe through our long, snowy winters.
So how do we outfit our Little ThreeYears each year so that they wear clothes that fit, don’t get made fun of by their peers (yes, this still happens, folks–little kiddos live for the moment they can decimate their classmates and be King of the School for a second), and aren’t wearing capris in the middle of the winter? Continue reading “Outfitting Your Kids”
We have officially completed the first quarter of the year! We’re calling this year, which is Year One of our family’s plan to reach location independence, the Year of Good Habits. Each month, I focus on improving or developing one new habit. Sometimes the habits are directly related to personal finance and sometimes they’re related to general self-improvement. At the end of each month, I have been continuing the last month’s habit (or trying to) and adding a new habit in. (But, just for totally transparency, I would not recommend starting so many new habits in one year for the average person. This is more an experiment for the blog. In real life, I try to add in one or two new habits a year).
Habits–whether intentional or not–have been proven to be incredibly important. They are routines that are so ingrained into our days that many of them we follow without realizing we do so.
Take my after school routine, for example. I get home, help the kids unpack their bags, and usually plug into my phone. I check Facebook and Twitter and generally waste half an hour of time. Habits have a predictable cycle–cue, behavior, and reward, according to Charles Duhigg, author of The Power of Habit. We experience a cue (getting home at the end of a long day), engage in a behavior (pull out my phone, scroll for half an hour), and experience the expected reward (zoning out, resting, feeling a social connection).Continue reading “A Year of Good Habits: Quarter One Update”
This past weekend, Mr. ThreeYear’s sweet tooth was activated. Unfortunately, my emergency supply of cake mix was depleted, so we had to resort to Plan B. “I would love some kuchen right about now,” he said.
Kuchen, which originated in Germany, is a delectable cross between a fruit pie and a tart. Let’s start with the pronunciation. I know it’s tempting, but it’s not in fact pronounced like kitchen with a “u”–instead, coo at a hen and you’ve said it correctly.Continue reading “Make It This Weekend: Kuchen!”